Permian Basin North America’s “Saudi Arabia” Over 19 million acres 250 miles wide and 300 miles long
One of the world’s thickest deposits of sedimentary rock Four Sub-Basins Midland Basin with 13 productive zones Delaware Basin with 10 productive zones Marfa Basin Val Verde Basin
Central Basin Platform with 14 productive zones Per IHS Markit Ltd: The Permian Basin holds 70 Billion Bbls
of recoverable crude oil ($4 Trillion at current oil price)
Permian Basin North America’s “Saudi Arabia” “The Permian Basin is America’s
Super Basin in terms
of its oil and gas production history and for operators it presents a significant variety of stacked targets that are profitable at today’s oil price.” - HIS Markit Ltd.
Pioneer Natural Resources (PXD) Chairman Scott
Sheffield’s claims that the Permian is a 75 billion-barrel field that may rival Saudi Arabia’s massive Ghawar field. The U.S. Geological Survey estimates that just one layer of the Permian known as the Wolfcamp holds 20
billion barrels of recoverable crude oil.
409 of the 936 rigs drilling in the U.S. (43.7%) are working in the Permian Basin